v3.24.3
Leases
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases

Note 13 — Leases

The following tables present lease costs recorded on our condensed consolidated statements of comprehensive income for the three and nine months ended September 30, 2024 and 2023:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

—

 

 

$

—

 

 

$

1

 

 

$

1

 

Interest on lease liabilities

 

 

1

 

 

 

—

 

 

 

1

 

 

 

1

 

Operating lease cost

 

 

31

 

 

 

43

 

 

 

102

 

 

 

114

 

Short-term lease cost

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

Variable lease cost

 

 

11

 

 

 

11

 

 

 

41

 

 

 

39

 

Sublease income

 

 

(5

)

 

 

(3

)

 

 

(15

)

 

 

(9

)

Total lease cost, net

 

$

38

 

 

$

52

 

 

$

130

 

 

$

147

 
The total lease cost is recognized in different locations in our condensed consolidated statements of comprehensive income. Amortization of the finance lease ROU assets is included in depreciation, while the interest cost component of these finance leases is included in interest expense. All other costs are included in other operating expenses, with the exception of $4 million and $21 million incurred during the three and nine months ended September 30, 2024, respectively, and $15 million and $23 million incurred during the three and nine months ended September 30, 2023, respectively, that were included in restructuring costs (see Note 6 — Restructuring Costs) that primarily related to the acceleration of amortization of certain abandoned ROU assets and the payment of early termination fees.